Ex-Ameriprise Adviser Susan Walker Reportedly Used Client Funds for Victoria’s Secret Duds and Donation to Her Local Catholic Church

New York investor rights attorneys

Susan E. Walker, of Plymouth, Minnesota, reportedly siphoned funds from elderly clients in order to finance a peculiar spending spree which included Victoria’s Secret, Caribbean cruises, salon visits, and donations to a local Catholic Church, the U.S. attorney’s office alleges. Earlier this week Susan E. Walker, 50, pleaded guilty in U.S. District Court in Minneapolis… Read more »

SEC Charges Wealth Strategy Partners, LC and Stevens Resource Group, LLC with Fraud

Rochester stockbroker fraud attorney

On September 25, 2014, the Securities and Exchange Commission (SEC) filed a civil injunctive action charging Wealth Strategy Partners, LC, of Sarasota, Florida, Stevens Resource Group LLC, of Washington State, and their respective principals, Harvey Altholtz and George Stevens, for fraudulent conduct in relation to two private funds, the Adamas Fund, LLP and the Stealth… Read more »

Dennis F. Wright Reportedly Accused of Siphoning More than $1.5 Million

New York investor rights attorneys

Dennis F. Wright, a Lewisberry stockbroker and insurance salesman, has been accused of stealing more than $1.5 million from at least 28 customers from the mid-1990s to 2012, according to federal charges filed on September 30, 2014. Court records stated that Wright, 68, “targeted his childhood friends and/or members of his community, unsophisticated and inexperienced… Read more »

George Bussanich Sr. and George Bussanich Jr. to Pay $5.5 Million in Fraud Settlement

investment fraud attorneys

George Bussanich Sr. and George Bussanich Jr., investment professionals in Upper Saddle River, NJ, were accused defrauding more than 30 of their clients out of millions of dollars in an alleged investment fraud scheme and are to pay $5.5 million in restitution and civil penalties, according to the New Jersey Bureau of Securities. The Peiffer… Read more »

FINRA Fines Citigroup $1.85 Million for Violations Regarding Pricing for Customer Transactions

New York investor rights attorney

The Financial Industry Regulatory Authority (FINRA) fined New York-based Citigroup Global Markets Inc. $1.85 million on for customer transactions violations. Citigroup has also been asked to pay an additional amount of $638,000 in restitution, plus interest, to the affected customers. Citigroup’s Proprietary BondsDirect Order Execution System had Flawed Pricing Logic BondsDirect only incorporated the quotations… Read more »

David Evansen Barred From Securities Industry After Allegedly Engaging in Unauthorized Trading

investment fraud attorney Cleveland

David Kristian Evansen, formerly associated with Newbridge Securities Corp. and Jessup & Lamont Securities Corp., is still barred from the securities industry by the Financial Industry Regulatory Authority (“FINRA”) due to Evansen’s failure to comply with FINRA’s investigation concerning Evansen’s alleged misconduct. FINRA began to investigate Evansen after Newbridge made certain regulatory fillings and disclosures… Read more »